U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
[ ] Check box if no longer subject to
Section 16. Form 4 or Form 5
obligations may continue. See
Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Holdings Reported
1. Name and Address of Reporting Person
Klein Harvey I.
(Last) (First) (Middle)
6687 Casa Grande Way
(Street)
Delray Beach Florida 33446
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SEMCO Energy, Inc. -- SMGS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
December 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
-------------------------------
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<CAPTION>
1. Title of 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
Security action action or Disposed of (D) Securities ship of In-
(Instr. 3) Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. -------------------------- Owned at End Direct Bene-
(Month/ 8) (A) of Issuer's (D) or ficial
Day/ or Fiscal Year Indirect Owner-
Year) Amount (D) Price (Instr. 3 (I) ship
and 4) (Instr. 4) (Instr. 4)
- ---------------- -------------- ---------- -------- --- ------- ------------------ ---------------- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 2,160.6748<F1><F2> D
<FN>
<F1>
Includes 5% stock dividend paid May 15, 1998 to holders of record on May 5, 1998.
<F2>
Includes shares acquired through reinvestment of dividends through the Company's DRIP.
</FN>
</TABLE>
<TABLE>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<CAPTION>
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Title of Conver- Trans- Transac- Number of Deriv- Date Exer- Title and Price Number Owner- Nature
Deriva- sion or action tion Code ative Securities cisable and Amount of of of Deriv- ship of In-
tive Exercise Date (Instr. Acquired (A) or Expiration Underlying Deriv- ative of direct
Security Price of (Month/ 8) Disposed of (D) Date Securities ative Secur- Deriva- Bene-
(Instr. Deriv- Day/ (Instr. 3, 4, (Month/Day/ (Instr. 3 Secur- ities tive ficial
3) ative Year) and 5) Year) and 4) ity Bene- Secu- Own-
Security ------------------ --------------- --------------- (Instr. ficially ity: ership
5) Owned Direct (Instr.
Amount at End (D) or 4)
Date or of Indi-
Exer- Expir- Num- Year rect (I)
cis- ation Title ber of (Instr. (Instr.
(A) (D) able Date Shares 4) 4)
- ---------- --------- --------- ---------- -------- -------- ------- ------- -------- ------ --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock $15.952 March 2, A 1,050 Mar. 2, Common 1,050
Option <F1> 1998 <F1> <F2> 2008 Stock <F1> 0 1,050 D
Phantom
Stock 56.14 Common 56.14 $17.92 Next
Units 1-for-1 02/15/98 A <F4> <F3> <F3> Stock <F4> <F4> Line D
Phantom
Stock 57.37 Common 57.37 $17.73 Next
Units 1-for-1 05/15/98 A <F4> <F3> <F3> Stock <F4> <F4> Line D
Phantom
Stock 254.30 Common 254.30 Next
Units 1-for-1 05/15/97 A <F5> <F3> <F3> Stock <F5> N/A <F5> Line D
Phantom
Stock 65.15 Common 65.15 $16.57 Next
Units 1-for-1 08/15/98 A <F4> <F3> <F3> Stock <F4> <F4> Line D
Phantom
Stock 65.15 Common 65.15 $16.77
Units 1-for-1 11/15/98 A <F4> <F3> <F3> Stock <F4> <F4> 5,528.00 D
Phantom
Stock Common Next
Units 1-for-1 01/15/98 A 113.71 <F6> <F6> Stock 113.71 $18.25 Line D
Phantom
Stock 34.27 Common 34.27 $17.92 Next
Units 1-for-1 02/15/98 A <F4> <F6> <F6> Stock <F4> <F4> Line D
Phantom
Stock 35.02 Common 35.02 $17.73 Next
Units 1-for-1 05/15/98 A <F4> <F6> <F6> Stock <F4> <F4> Line D
Phantom
Stock 155.23 Common 155.23 Next
Units 1-for-1 05/15/98 A <F5> <F6> <F6> Stock <F5> N/A <F5> Line D
Phantom
Stock 39.77 Common 39.77 $16.57 Next
Units 1-for-1 08/15/98 A <F4> <F6> <F6> Stock <F4> <F4> Line D
Phantom
Stock 39.77 Common 39.77 $16.77
Units 1-for-1 11/15/98 A <F4> <F6> <F6> Stock <F4> <F4> 3,374.31 D
Phantom
Stock Common Next
Units 1-for-1 01/15/98 A 65.75 <F7> <F7> Stock 65.75 $18.25 Line D
Phantom
Stock Common Next
Units 1-for-1 02/15/98 A 66.96 <F7> <F7> Stock 66.96 $17.92 Line D
Phantom
Stock .73 Common .73 $17.92 Next
Units 1-for-1 02/15/97 A <F4> <F7> <F7> Stock <F4> <F4> Line D
Phantom
Stock Common Next
Units 1-for-1 03/15/98 A 282.20 <F7> <F7> Stock 282.20 $16.92 Line D
Phantom
Stock Common Next
Units 1-for-1 04/15/98 A 275.18 <F7> <F7> Stock 275.18 $17.08 Line D
Phantom
Stock Common Next
Units 1-for-1 05/15/98 A 174.84 <F7> <F7> Stock 174.84 $17.73 Line D
Phantom
Stock 7.79 Common 7.79 $17.73 Next
Units 1-for-1 05/15/98 A <F4> <F7> <F7> Stock <F4> <F4> Line D
Phantom
Stock 34.54 Common 34.54 Next
Units 1-for-1 05/15/98 A <F5> <F7> <F7> Stock <F5> N/A <F5> Line D
Phantom
Stock Common Next
Units 1-for-1 06/15/98 A 151.73 <F7> <F7> Stock 151.73 $17.63 Line D
Phantom
Stock Common Next
Units 1-for-1 07/15/98 A 68.26 <F7> <F7> Stock 68.26 $17.58 Line D
Phantom
Stock Common Next
Units 1-for-1 08/15/98 A 251.98 <F7> <F7> Stock 251.98 $16.57 Line D
Phantom
Stock 13.61 Common 13.61 $16.57 Next
Units 1-for-1 08/15/98 A <F4> <F7> <F7> Stock <F4> <F4> Line D
Phantom
Stock Common Next
Units 1-for-1 09/15/98 A 85.11 <F7> <F7> Stock 85.11 $14.10 Line D
Phantom
Stock Common Next
Units 1-for-1 10/15/98 A 289.03 <F7> <F7> Stock 289.03 $15.05 Line D
Phantom
Stock Common Next
Units 1-for-1 11/15/98 A 71.56 <F7> <F7> Stock 71.56 $16.77 Line D
Phantom
Stock 21.08 Common 21.08 $16.77 Next
Units 1-for-1 11/15/98 A <F4> <F7> <F7> Stock <F4> <F4> Line D
Phantom
Stock Common
Units 1-for-1 12/15/98 A 72.90 <F7> <F7> Stock 72.90 $16.46 1,933.25 D
<FN>
<F1>
The option granted on March 2, 1998 was for 1,000 common shares at an exercise price of $16.75 per share, but was adjusted to
reflect the 5% stock dividend paid May 15, 1998.
<F2>
The option vests in three equal annual installments beginning on March 2, 1999.
<F3>
The phantom stock units were accrued under the SEMCO Energy, Inc. directors deferred compensation and phantom stock purchase plan
and are to be settled 100% in cash within 30 days after January 1, 2001.
<F4>
Phantom stock units acquired through reinvestment of phantom dividends through the SEMCO Energy, Inc. directors deferred
compensation and phantom stock purchase plans and pursuant to such plans are treated as though invested in the Company's DRIP.
<F5>
Phantom stock units acquired by phantom 5% stock dividend which mirrors actual stock dividend paid May 15, 1998 to common
stockholders of record on May 5, 1998.
<F6>
The phantom stock units were accrued under the SEMCO Energy, Inc. directors deferred compensation and phantom stock purchase plan
and are to be settled 100% in cash within 30 days after January 1, 2002.
<F7>
The phantom stock units were accrued under the SEMCO Energy, Inc. directors deferred compensation and phantom stock purchase plan
and are to be settled 100% in cash within 30 days after January 1, 2003.
</FN>
</TABLE>
Explanation of Responses:
See footnotes above.
Harvey I. Klein January 27, 1999
--------------------- -----------------
**Signature of Date
Reporting Person
**Intentional misstatements or omissions
of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
